This is new.
Can be considered as another form of REIT.

Btw, CHHB bought the land at RM15k/acre.
So by selling them at RM5,500 per 1/4 acre, they instantly recover half of their initial investment.

hi guys, sorry to interrupt in like this.
i was searchin for tech stuff online, and i suddenly bumped in this topic.
which i am actually one of the company consultant, and been sellin this grower scheme for many mths now.
anyways i would like to lend a hand in answering most of your doubts.

juz a intro to u all.
name is Andrew. Im based at The Mines Business Park 10th floor, Balakong, under Mines Marketing Sdn Bhd.
i'll try to answer most of your questions.
Juz a simple refurbish to ya all, we at CHGS believe this is something very new in the market, which has unseen potential on the long run. This program basically benefits both parties, you and the company, and a chance to own a land for 23yrs without having to manage it. i would say its wise to diversify some in here, and still go on with the other kinds of investment out there, nv put everything in one basket.

i'll stop here, and i'll be glad to assists any questions u hav.

happy 2008!!

those who invested earlier, meaning last year will get their first dividen this 22nd January 2008 Friday. And a gala dinner will be held at Palace Of The Golden Horses on the same day. The board of directors will be there, and all of the consultants will be there too.

thx for investing with us. we really appreciate your support. and i hope to see you in the gala dinner at palace of the golden horses this 22nd of this mth. i'll be keeping in touch you and i hope to shake your hand at the ballroom.

aiks aiks....correction my bad.....
its on the 22nd of February 2008 Friday
i'll get more info on the gala dinner asap.

Hi neocapuccino,

I'm basing the FD on annual compounding interest, instead of taking it out and investing in others with varies ROI, which will complicate the assumption-calculation further. 

i.e. the interest earned, is top-up into existing FD.

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Added on February 20, 2008, 6:02 pm

Hi michael,

Thanks for correcting. I'm new in this CHGS and learning more 

I've modified the calculation, to assume the annual rm440 dividend, put into FD with annual compounding rate @3% also. Don't want to further complicate it, if invest in other things, etc.

Bank FD @3% annual compounding
Yr. Int. Cumm.
1 165.00 5,665.00
2 169.95 5,834.95
3 175.05 6,010.00
4 180.30 6,190.30
5 185.71 6,376.01
6 191.28 6,567.29
7 197.02 6,764.31
8 202.93 6,967.24
9 209.02 7,176.25
10 215.29 7,391.54
11 221.75 7,613.29
12 228.40 7,841.68
13 235.25 8,076.94
14 242.31 8,319.24
15 249.58 8,568.82
16 257.06 8,825.89
17 264.78 9,090.66
18 272.72 9,363.38
19 280.90 9,644.28
20 289.33 9,933.61
21 298.01 10,231.62
22 306.95 10,538.57
23 316.16 10,854.73
Assume CHGS 8% annual dividend and put in FD @3% annual compounding
Yr. Div. Total Int. Cumm.
1 440 440.00 13.20 453.20
2 440 893.20 26.80 920.00
3 440 1,360.00 40.80 1,400.80
4 440 1,840.80 55.22 1,896.02
5 440 2,336.02 70.08 2,406.10
6 440 2,846.10 85.38 2,931.48
7 440 3,371.48 101.14 3,472.63
8 440 3,912.63 117.38 4,030.01
9 440 4,470.01 134.10 4,604.11
10 440 5,044.11 151.32 5,195.43
11 440 5,635.43 169.06 5,804.49
12 440 6,244.49 187.33 6,431.83
13 440 6,871.83 206.15 7,077.98
14 440 7,517.98 225.54 7,743.52
15 440 8,183.52 245.51 8,429.03
16 440 8,869.03 266.07 9,135.10
17 440 9,575.10 287.25 9,862.35
18 440 10,302.35 309.07 10,611.42
19 440 11,051.42 331.54 11,382.96
20 440 11,822.96 354.69 12,177.65
21 440 12,617.65 378.53 12,996.18
22 440 13,436.18 403.09 13,839.27
23 440 14,279.27 428.38 14,707.65

FD = 10,854.73
CHGS = 14,707.65

Difference = CHGS returns is 3,852.92 more if 8% ROI or more EACH YR. Please correct me if I'm wrong again, or the calculation is not fair to both FD & CHGS 

Note: If CHGS returns 10% (rm550), then yr 23 = 18,384.56
12% max = 22,061.47

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Added on February 20, 2008, 6:07 pmYes, I'm also interested to know also, if I understand correctly, our profit is capped at 12% maximum ROI.

What is the minimum return we can expect ? 0% ? Negative ? Any annual admin fees/charges ?

Jordy,

So, if the price gone up to 6K, the 8% is based on 5.5K or 6K?

Dreamer

i bought 1/2 acre just now as 5-20yrs investment despite the land liquidity issue.

do u think i can squeeze chgs for hotel stay still?

Just one simple questions here, sorry if it was asked earlier.

Lets say i buy one lot from a seller for RM8000. Does it mean that i only need to wait 2 years more (at 8% annual interest) before the plantation mature and start yielding 11-15% interest? Or every change of owner, we have to wait three years again?

It is 8% on the going-price. If the price now is RM8,000, you would be getting 8% based on this price.
Likewise, if the price is RM9,000, then you would be getting 8% based on this price.
But I have forgotten most of the details though. Might need to refer back to your agents

According to officer in CHGS, mid of feb will transfer money to your account if you have give account number to CHGS.

When will they start paying the remaining 12% dividend and our 90% grower fee. Wait till last day of 6 months?

This company is been used as example by ICT
Wonder are they related?

let wait for it as we have already waited this long.

I email to ask when can I expect to receive the refund
below is the reply....probably mid of next month
Dear Sir/Mdm,

We had deposited the money with CIMB Commerce Trusteee Berhad (The 90% and also the 25 Million Goodwill )

The trustee are now arranging for the disbursement of the cheques to the growers. You will most probably get the cheque by mid of next month (September).

Thank you


Regards,

Country Heights Grower Scheme

Previously, the trustee said they will disburse the money in 2 weeks. Look like it would take more that a month after Tan Sri handed over money which is at 6th of August. Trustee get a lot of dividend